116 S Broadway St - Bank FOR SALE


Cassopolis, MI 49031
$350,000 USD
269-207-1040
116 S Broadway St, Cassopolis, MI for Sale
$350,000 USD
Bank - FOR SALE
1/2
null | Request Cap Rate

116 S Broadway St
Cassopolis, MI 49031


HIGHLIGHTS

  • 8,048 SF former bank facility offering 4,512 SF, 2-story building w/basement and 3,536 SF, 1-story building w/basement
  • Site offers 2-lane, freestanding drive-thru, parking lot w/25+ spaces, large green space, 2 pylon signs, and access to rear alley for deliveries
  • Buildings constructed in early 1900's (est.) - renovated in 1990's (est.)
  • Highly visible 0.85-acre parcel (4 parcels) w/approx. 81’ of frontage on S. Broadway St./M-62 Hwy. and approx. 173’ of frontage on W. State St.
  • Zoned C-3, Central Business District in the Village of Cassopolis offers wide variety of uses
  • Bank closure January 2024

OVERVIEW

AVAILABLE FOR SALE: 8,048 SF former bank facility – comprised of a 4,512 SF, 2-story building w/basement, a 3,536 SF, 1-story building w/basement and a 2-lane, freestanding drive-thru – located in downtown Cassopolis, Michigan. Constructed in the early 1900’s, and renovated in the 1990’s, the existing floor plan features a large lobby/customer service area, multiple private offices on both floors, break room and 2 bank vaults. Situated on an approx. 0.85-acre parcel (4 parcels) with approx. 81’ of frontage on S. Broadway St./M-62 Hwy. and approx. 173’ of frontage on W. State St., this property offers a rear parking lot with 25+ spaces that includes adjacent green space, 2 pylon signs and delivery access via rear alley. The site is centrally located in the Village of Cassopolis and zoned C-3, Central Business District, allowing for a wide variety of uses. Area tenants include Wagner Family Funeral Home, Auto Value, True Value Hardware, Marathon Gas and Biggby Coffee. Property includes APN 14-041-121-001-00, 14-041-121-003-00, 14-041-121-004-00 and 14-041-180-006-00. Sale subject to Bank approval of Buyer’s intended use. Seller reserves the right to deed restrict against financial and marijuana uses. Property to be sold in “As is” “Where is” condition, with all faults and conveyed by Covenant Deed. Do not approach employees. Estimated close date 1/18/24.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

FORMER FIFTH THIRD BANK - CASSOPOLIS, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C-3

APN/PARCEL ID

14-041-121-001-00,14-041-121-003-00,14-041-121-004-00,14-041-180-006-00

ASK ABOUT THIS PROPERTY

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

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Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.